15 Oct 2012 13:42
TREVERIA PLC
("Treveria" or "the Company")
Investment Update re Silo E(Lender - ABN Amro; valuation - €477 million; loan - €406 million; securitised)
Treveria plc (AIM: TRV) announces that its indirect subsidiary Treveria E Sarl today received notice from its Silo E debt service provider, Hatfield Philips International Limited ("HPI"), that the Silo E lender, facility agent and security agent ("the Finance Parties") have decided not to extend the standstill period which expired at midnight 24.00 hours CET on 14 October 2012.
Given the above, HPI, on behalf of the Finance Parties, have demanded immediate payment and discharge of all secured obligations in full by the Silo E propcos and Treveria E S.a.r.l. and have reserved their rights in relation to any further action which may be taken.
The board of Treveria is currently assessing its options and further announcements will be made in due course.
Further information, please contact:
IOMA Fund and Investment Management Limited | |
Graham Smith | +44 (0) 1624 681250 |
Singer Capital Markets Ltd | |
James Maxwell/Nick Donovan | +44 (0) 20 3205 7500 |